Auto Financing Explained

To get the best car financing offer, you should
select a vehicle that fits your budget and provide as much down payment as
possible. These two factors alone may increase your likelihood of approval,
could improve your offer, and will reduce your monthly payment.

Four main
factors determine how creditors decide to give you a car financing offer

To get the best car financing offer,
you should select a vehicle that fits your budget and then provide as much down
payment as possible. These two factors alone may increase your likelihood of
approval, improve your offer, and reduce your monthly payment.

Factors
affecting your monthly payment

Your monthly payment is determined by
three major factors listed below in order of impact: